Bharat Bijlee hits lower circuit on reporting 6% fall in Q1 net profit
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Bharat Bijlee is currently trading at lower limit of Rs. 4284.10, down by 476.00 points or 10.00% from its previous closing of Rs. 4760.10 on the BSE.
The scrip opened at Rs. 4406.55 and has touched a high and low of Rs. 4470.65 and Rs. 4284.10 respectively. So far 32688 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 5700.80 on 11-Jul-2024 and a 52 week low of Rs. 1715.00 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 5389.00 and Rs. 4284.10 respectively. The current market cap of the company is Rs. 4842.37 crore.
The promoters holding in the company stood at 33.72%, while Institutions and Non-Institutions held 11.52% and 54.76% respectively.
The company has reported 5.53% fall in its net profit at Rs 23.93 crore for the quarter ended June 30, 2024 as compared to Rs 25.33 crore for the same quarter in the previous year. Total income of the company decreased by 14.80% at Rs 384.36 crore for Q1FY25 as compared to Rs 451.12 crore for the corresponding quarter previous year.
Bharat Bijlee is a pioneer in electrical engineering in India, and one of the most trusted names in the industry.
